Am I missing something? Seems significantly undervalued still.
What your missing is today's Lithium price has no relevance to ultimate resource value unless your expecting the price of Lithium and the cost to produce it to remain the same for the life of the resource , an extremely unlikely event and that's not taking into account exchange rates.
However current margins , imminent production and no debt put CXO in a very comfortable place so just enjoy...
Cheers Whisky
Cheers Whisky
Demand versus Supply, page-63
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